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Launch NY to use $250K National Grid grant to help startups
BUFFALO, N.Y. — Buffalo–based Launch NY will use a $250,000 economic-development grant from National Grid (NYSE: NGG) to support entrepreneurial ventures. The goal of the grant is to support companies that go on to raise private capital and create jobs in upstate New York, Launch NY said. The funding comes through the utility’s CleanTech Incubation […]
International Wire uses National Grid $821K incentive for new equipment at Canastota plant
CANASTOTA, N.Y. — National Grid (NYSE: NGG) says International Wire used energy-efficiency incentives that the energy company provided to help pay for new equipment at its Canastota plant while saving money in the long run on its energy costs. International Wire replaced a 25-year-old multiwire drawing machine at the plant with a new generation of
Saab wins more than $13 million U.S. Navy contract modification
DeWITT, N.Y. — Saab Inc. in DeWitt was recently awarded a $13.5 million modification to a previously awarded U.S. Navy contract. It will exercise options for engineering, technical, logistical, and material support services for lifecycle sustainment of the AN/SPS-77 (variants) Radar Systems, Marine Corps AN/TPS-80 Ground/Air Task Oriented Radar Systems, Celsius Tech Radar and Optronic
ConMed CEO to retire, successor named
NEW HARFTORD, N.Y. — ConMed Corp. (NYSE: CNMD) President/CEO Curt R. Hartman will retire effective Jan. 1, 2025, and Patrick Beyer, current COO of the medical-device company, will succeed him in the role, ConMed announced. Beyer will also be appointed to the board of directors at that time. “It has been a privilege to lead
Norwegian firm wins $1 million top prize in Tech Garden’s Genius NY competition
SYRACUSE, N.Y. — Aviant of Oslo, Norway captured the $1 million grand prize in the eighth round of the Genius NY accelerator, which is housed
Binghamton University names CEO of Upstate New York Energy Storage Engine
VESTAL, N.Y. — Binghamton University has chosen the CEO of the Upstate New York Energy Storage Engine that the school leads. Meera Sampath previously served as the associate dean of research in Binghamton’s Thomas J. Watson College of Engineering and Applied Science. The school describes her as an engineer with “decades of experience in industry
Oncenter to host New York State Innovation Summit on Oct. 28-29
SYRACUSE, N.Y. — Plenty of speakers and a commercialization competition are part of the agenda for the upcoming New York State Innovation Summit on Monday
Lockheed Martin boosts quarterly dividend by nearly 5 percent
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a fourth-quarter, 2024 dividend of $3.30 a share. This is an increase of 15 cents per share, or 4.8 percent, over the last quarter and represents the defense contractor’s 22nd straight year of dividend increases, according to an Oct. 2 company news
New York manufacturing index contracts in October
New York manufacturers reported declines in new orders and shipments, and the general business conditions index of the monthly Empire State Manufacturing Survey again indicated sector contraction in October. The index plunged 23 points to -11.9 in the 10th month of the year. This followed a 16-point climb to 11.5 in September with manufacturing activity
PAR Technology partners with AI company to improve inventory management
NEW HARTFORD, N.Y. — PAR Technology (NYSE: PAR) has forged a new partnership with NomadGo, a spatial artificial intelligence (AI) solutions provider, to integrate the company’s AI technology into PAR’s Data Central product. The integration pairs AI technology into Data Central to provide an automated solution for inventory management, which is then instantly synched with
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